A smarter way to do insurance, through the blockchain! CryptoCurrency insurance through Inmediate Crypto ICO!
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There has never been much talk about insurance in the crypto world but this project is going to be matching 2 needs by creating a crypto options exchange that repackages their insurance fall from those options.
Here is a great example:
"A client pays insurance in the amount of 0.1 Bitcoin for the deposit in the amount of 3 Bitcoins. If the price decreases by 15% within 3 days, he gets the right to get the insurance in the amount of the deposit fall – 0.45 Bitcoins. In case of the insurance event, CRYPTOCOIN INSURANCE pays the client the insurance from the previously obtained insurances. If there has been no insurance event, the insurance paid by the client will be the company’s income."
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Cryptocurrency insurance and security is a hot topic in the industry. Explore with us in the video what exchanges are doing to protect customer funds, and know what you are covered for in the event of a loss.
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Please remember to invest only what you can afford to lose and DO YOUR OWN RESEARCH before investing your money. I am not a financial adviser and you should not make financial decisions based on my videos.
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Full Article: https://freestartupkits.com/articles/technology/cryptocurrency-news-and-tips/what-is-cryptocurrency-insurance-full-analysis/
What is Cryptocurrency Insurance – Crypto insurance is a concept that has grown in popularity, but what is it? There are a few concepts of what Crypto Insurance is. First, it can be protection for cryptocurrency hacks. Next, it could be seen as “decentralized insurance”. Finally, crypto can help traditional insurers produce better insurance.
Concept 1: Cryptocurrency Insurance – Protection For Cryptoassets
Well, building cryptocurrency exchanges is one of the most lucrative skills on the market. There are many open-source cryptocurrency exchange trading engines and even more white-label cryptocurrency exchange software available.
Unfortunately, many are wary of the security vulnerabilities cryptocurrency exchanges have and $700 million was hacked cryptocurrency exchanges in 2018 alone.
In 2018 CoinCheck Lost $500 Million Dollars
Japan Coincheck exchange lost to hackers. Malicious users broke into and stole almost $500 million worth of cryptocurrency assets from Coincheck.
Traditional insurance players are making a move to adapt to protect people from such hacks. Big insurance like XL Group, AIG and Chubb are offering cryptocurrency insurance for hacks.
Christian Weishuber, a representative of insurer Allianz stated that crypto insurance is a “big opportunity”. The insurer has offered individual coverage for cryptocurrency theft for the past year. Weishuber said digital assets are becoming more relevant to the “real economy.”
At this time, some insurance brokers (Aon and Marsh & McLennen) said the cost for such insurance is too high for many companies who eed it, but “business has been good this year”.
Marsh & McLennan created a special team to offer insurance services to blockchain startups. Aon tweaked their policies to offer crypto-specific needs.
The insurers did not reveal their clients.
Concept 2: Cryptocurrency Insurance – Decentralized Insurance
crypto insurance
When cryptocurrencies arrived, they allowed people to share value directly with one another using blockchain technology without the need for a broker, or a “middleman” such as a bank. To apply for insurance, there are only a few “middlemen” or giants who you must go through. Projects such as Etherisc are making insurance more accessible.
Ethereum popularized blockchain “smart-contracts”; these are portions of self-executing code that can perform transactions automatically. Decentralized applications are collections of these “smart-contracts”.
Etherisc is a platform that allows people to build new applications for specific insurance use-cases all without having to go to a traditional corporation. They offer “Risk Pool Tokens” that make risk itself tradable on exchanges.
Gives opportunity for more people to create insurance policies rather than large corporations. It’s insurance license and regulatory framework is compliant with FINMA and US securities law.
As seen above, flight Delay is the first decentralized application that offers insurance against flight delays or cancellations. The is not only fully licensed, it lives operates on a public blockchain thanks to smart contracts. If your flight gets delayed by an hour, a payout can be received immediately after landing.
Concept 3: Cryptocurrency Insurance – Better Auditing Services for Traditional Insurance
Cryptocurrency has some challenges for insurers and regulators. There is not much historical data that can be used to assess the risk (because cryptocurrencies are new). Request Network is an example of a project that is building a tool to help financial institutions become better at getting financial data from audits.
Financial auditing is the process of researching a company’s transactions. Audits show the company if they have optimized all their operations and if they are being affected by fraud. These audits also can show authorities if a company is legally clear. False audits can be expensive for a company. Financial documents are never perfect and the most dangerous part of traditional financial audits is that they use a small sample of all company invoices rather than all the company invoices.
Request Network uses the technical advantage of blockchain technology’s “digital signature” to make payable invoices. Request Network has found a way to make analyzing a company’s transactions (with financial audits cheaper than financial audits being used now. In turn, insurers can have access to better audits which can help them yield more clients.

Since the advent of crypto wallets, everybody talks about the need of creating an insurance solution to prevent crypto holders from various risks such as theft or hacker attacks. To put the words into action we need to define the actual needs of the community and identify the main requirements for crypto wallet insurance. During the panel discussion at D1Conf, participants tried to define a standard that could provide open access for people, traditional insurance and reinsurance capital, and alternative capital thus encouraging the wider use of cryptocurrencies and growth of the ecosystems.
Moderator:
Tobias Noack, Aon
Panelists:
Stefan George, Gnosis
Arnold Smeyers, Swiss Re
Isabella Brom, inactaAG
Michael Werner, PwC
Timofey Volkov, Cryptoins
Hugo Wegbrans, AON
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CRYPTOCOIN INSURANCE
The first option exchange with the possibility of insuring deposits against fall
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[DESCRIPTION]
CRYPTOCOIN INSURANCE allows you to insure price falls or growth risks for major cryptocurrencies. Traders and hedge funds conclude deals on purchase and sale of stock options
Other clients, who don’t want to know how option works can purchase insurance for growing or fall of the main cryptocurrencies.
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Applying the blockchain to the insurance industry can help add transparency, maintain the record of evidence, introduce smart contracts and more.
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Trading on the cryptocurrency market has already passed several development stages: from the first centralized exchanges where there were almost no volumes up to several hundred exchanges where the leaders have a turnover that exceeds one billion dollars a day. Recently the US Securities and Exchange Commission (SEC) has authorized trading of Bitcoin futures at the largest US stock exchanges.
The market is getting more and more like ordinary stock and commodity markets. However, one of the segments many players and especially hedgers cannot avoid is completely inaccessible today. It goes about options.
An option is a contract according to which the option buyer acquires the right, rather than the obligation, to buy or sell an asset at a predetermined price during a certain period of time in the future. In this case, the option seller has an obligation to sell the asset accordingly or buy it from the option buyer in accordance with its terms and conditions.
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http://www.ThinkingCrypto.com Greg Kidd, an early investor in Coinbase and Twitter, just invested $57.5 million toward Uphold, a currency exchange that also trades in cryptocurrencies. The funding will allow Uphold to add Ripple XRP, hacker insurance policy and crypto exchange innovation.
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What is a Smart Contract? A Beginner’s Guide
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What are Smart Contracts?
Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way, while avoiding the services of a middleman.
The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.
Example
Suppose you rent an apartment from me. You can do this through the blockchain by paying in cryptocurrency. You get a receipt which is held in our virtual contract; I give you the digital entry key which comes to you by a specified date. If the key doesn’t come on time, the blockchain releases a refund. If I send the key before the rental date, the function holds it releasing both the fee and key to you and me respectively when the date arrives. The system works on the If-Then premise and is witnessed by hundreds of people, so you can expect a faultless delivery. If I give you the key, I’m sure to be paid. If you send a certain amount in bitcoins, you receive the key. The document is automatically cancelled after the time, and the code cannot be interfered by either of us without the other knowing, since all participants are simultaneously alerted.
You can use smart contracts for all sort of situations that range from financial derivatives to insurance premiums, breach contracts, property law, credit enforcement, financial services, legal processes and crowd funding agreements.
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- Bakkt has a delay and announces full launch date
- Dragonchain wins patent on new technology
- Coinbase and cryptocurrency insurance
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Please remember with any investing that you should DO YOUR OWN RESEARCH before investing your money. I am not a financial adviser and you should not make financial decisions based on my videos. This video is for entertainment and should NOT be used for and is not intended to be investment advice or consulting, this is news and my opinions.
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Subscribe now! Thank you!
To get the latest EOS Marketplace News from the experts, subscribe here: https://PreferredCurrency.News and join our FREE public Telegram Group at https://t.me/joinchat/J0ePRFVHJEvSmEKOF30rcQ for a discussion about EOS, Bitcoin and Crypto news and trends.
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To get started, you can sign up at https://pro.coinbase.com/ to change some US Dollars into Bitcoin so that you can then transfer that Bitcoin to the Binance Exchange as shown below, so that you can change your Bitcoin into EOS if you wish:
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The Next Generation Cryptocurrency Insurance.
Getore Cryptocurrency Insurance helps customers look into the future with confidence, and to sleep easier at night!
Getore fortifies individuals, businesses and investors against unforeseen loses brought by exchange rate fluctuations, project failures or deliberate crypto scam.
It introduces a revolutionary innovation in the market of cryptocurrency insurance services. An easy-to-use, secure and decentralized cryptocurrency insurance platform that will operate using blockchain smart contract technology.
Find out more on our website http://www.getore.com/

Cryptocurrency Insurance: More Companies Join The Bandwagon
The rise of theft, fraud, and hacking associated with bitcoin trading has pushed insurance firms to offer insurance packages to investors in the digital currency space. Several insurers have decided t...

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Today, the main problem of all popular crypto -
high volatility and low liquidity.
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Hedge.pro - is a decentralized platform for insurance against changes in the Crypto currency rates.
View details - hedge.pro

A platform built to ease off uncertainties in cryptocurrencies.
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Getore reinvents cryptocurrency related risk management and mitigation in the most effective form.

Cryptocurrency market volatility is one of the biggest fear for anyone who possess altcoins. Insurance and banking solutions in cryptocurrency world provides Cremit Project whose Pre-ICO start on the 15th June, 2018. You can claim up to 100% insurance for your Bitcoin, Ethereum or other altcoins insured in Cremit. There are multiple slabs of insurance claim depending upon the depreciation of the coin insured. In banking part Cremit offers a web and app based multi crypto asset exchange platform where it will be able to buy and sell cryptocurrencies with zero fees. If using this exchange insurance on rate will be given by default. Cremit team promise that orders will never be stuck due to the matching engine being overwhelmed because its engine is capable of sustaining two million orders per second. Cremit also offers another insurance and banking solutions and promise to be listed on the three major Exchanges until the last of September 2018. They are sure in this, because they have a strong technical team and powerful advisory board. Their advisor are Vladimir Nikitin, Phillip Nunn Marketing Consultant, Nikolay Shkilev Strategic Advisor and Abhijit Das Insurance Evangelist. And in the nearest future Smart Wallet Launch and Zero Fees Web-Exchange will be luanched. And then explore new markets and products to form a huge ecosystem.
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Source:
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Thank you for listening!
In this episode of WTF is CryptoSpace, Chad and Brett discuss why China talk about Bitcoin and ICOs is FUD. There is a chance to HODL Vertcoin for insurance. Why Cryptocurrency bubble talk equals discount opportunities.
If you are a member of the CryptoSpace community, interested in Blockchain technology (you are not alone) or just curious about Cryptocurrencies such as Ethereum and Bitcoin then join us for your regular chat here at WTF is CryptoSpace.
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Vertcoin is moving forward:
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InsCoin for Knox Project aims to announce insurance companies that will receive Crypto (INSC) for insurance premium payments, and the first, with the help of blockchain, will solve the problem of insurance policy forgery.

Cryptocurrency Insurance: More Companies Join The Bandwagon
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.The network is peer-to-peer and transactions take place between users directly, without an intermediary.These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[14] Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
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Inmediate ICO debuting on Zilliqa later this year is bringing the blockchain and the insurance industries together. Strong partnerships with big insurance providers and a team with a lot of industry experience make this a token sale to take note of.
http://inmediate.io/
Disclosure: This is an sponsored review for a project that was deemed worthy of research time, recording and posting for educational puposes.
Furthermore, I currently have not invested in this project, but may consider doing so in the future.
RECOMMENDED EXCHANGES
BINANCE https://www.binance.com/?ref=10192350
KUCOIN https://www.kucoin.com/#/?r=18a8f
HUOBI https://www.huobi.br.com/en-us/topic/invited/?invite_code=b5u43
CRYPTOCURRENCY HARDWARE WALLETS
LEDGER NANO S https://www.ledgerwallet.com/r/6877
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CFTC Article - https://www.cftc.gov/PressRoom/PressReleases/7820-18
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- CFTC: Federal Court Finds that Virtual Currencies Are Commodities
- ErisX - A slew of Wall Street giants are getting behind an upstart exchange looking to launch a wide-range of crypto futures, and it could be a big rival to Bakkt. TD Ameritrade is behind ErisX
- Crypto Assets on Winklevoss Gemini Exchange Are Now Insured
- Top Wall Street advisor Ric Edelman just entered the world of bitcoin in a big way. Here's why he's embracing crypto.
- Federal Reserve seeks public comment on potential actions to facilitate real-time interbank settlement of faster payments. A solution would be Ripple XRP
- Ripple Net listed as a member of the USCIB United States Council for International Business
- LCX exchange updates its website to show Binance partnership
- Phillip Nunn tweets Ripple is the Microsoft of crypto
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Policypal Ico Review. The future of insurance for the unbanked and cryptoassets.
One of a kind project with a huge need for assets like bitcoin, ethereum, and wanchain. This could one day help your average investor get into cryptocurrency without the risks associated with hacks and loss of assets.
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Jason Hartman talks with Bundeep Singh Rangar, CEO of Fineqia International, about how his company is using blockchain technology to help facilitate the creation of bonds with cryptocurrencies, as well as how blockchain will change the insurance game.
Key Takeaways:
[3:40] What are people actually buying when they get involved with Fineqia
[10:21] What fee structure is Fineqia using?
[12:18] How can blockchain make insurance more efficient?
[15:39] How does the consumer make a decision when there are so many cryptocurrencies now and with more being created every day?
Website:
www.Fineqia.com

Getting high cover at an extremely low premium is no more a wishful thinking. With Pluto Coin, the world's first ever alternate marketplace for insurance is 100% safe as it operates on blockchain technology, bankrolled by Bitcoin, the sensational cryptocurrency. Hurry now as the initial coin offering gets activated on 26th March '18 and ends on 10th May '18.

Bitcoin client types
Although some companies have good prices, you can need $50,000 to get started. It can be challenging to ascertain a business`s spread policy so the best method to learn is to try several brokers, or speak to other traders who have, not to mention check out the forums. You must take a look at the business`s fine print or e-mail for more information. Businesses are mainly able to prevent fluctuations and easily benefit from the future prices. So, many businesses prefer using ready-made CRM solutions, but a lot of features still require customization and integration to fulfill the particular small business requirements. If your organization is having trouble getting through the proverbial hump, an excellent CRM program system might be the secret to reaching that next level. If you`re a company or private individual wanting to move considerable amounts of money abroad, and you`re therefore seeking to earn a purchase of a huge amount foreign currency, think before going studying the high street bank as your only route to getting that large quantity of foreign money.
When transferring lots of currency you should be careful were you do it to find the best rates. Negotiate hard and receive the very best rate you`re able to. The lower an individual credit rating, the greater her APR interest rate will be.
Some brokers have various spreads for various customers. It`s simpler to stick with the broker you`ve come to know and trust. Regardless of the specific order, brokers must get the finest possible price for their customers. Locating a fantastic broker means finding one that is appropriate for you and your trading style. Brokerage is a price of conducting business and as such you need to always look to reduce your expenses.
Any system that you use for trading has to be operated in a safe encrypted environment and the system has to be fully protected and continuously monitored. As soon as you have a fully tested trading system you`re prepared to trade. Finding the very best forex trading program process isn`t easy and will take you a little bit of time. It`s also simple to manage the computer software. Trading software must for example supply you with a summary of the marketplace so you can spot trends and opportunities as they arise in real time and make it possible for you to focus in and receive in depth info on particular currency pairs with constantly updating real-time rates, along with historic price data. It`s however the major tool of your trade and therefore do not merely accept the very first system you stumble across and work with it, good or bad. Developing an extensive CRM process is complicated and very costly, but its becoming a critical investment.
Utilizing AI algorithms, it will not merely improve itself but can also supply you with precious info about your customers. Understand their terms and legal info, then choose one that you`re comfortable and confident with. Secondly, it`s crucial that you collect as much info and insight as you`re able to.

The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.